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To: Taby who wrote (13494)4/27/1999 9:43:00 PM
From: Venditâ„¢Read Replies (1) | Respond to of 41365
 
AOL outdoes earnings expectations

update Fueled by strong revenue growth, America Online today said it nearly doubled its earnings for the third quarter and beat analysts' expectations.

America Online reported net profits of $117 million, or 11 cents per share, for the quarter ended March 31, excluding one-time events, compared with $39 million, or 4 cents per share, a year ago.

Analysts had expected the online giant to post earnings of 9 cents per share, according to First Call. But whisper numbers by Wall Street had figures as high as 11 cents.

Including charges and one-time gains, the company posted consolidated net earnings of $420 million, or 33 cents per share. This quarter marks the first one in which AOL's newly acquired Netscape Communications was folded into its financial operations. The figures compare with AOL's third-quarter loss of $78 million, or 8 cents per share, a year ago.

news.com



To: Taby who wrote (13494)4/27/1999 9:59:00 PM
From: Bill27Respond to of 41365
 
Taby ;

I like your thinking but am becoming very cautious lately. Hope you are right.

Bill



To: Taby who wrote (13494)4/27/1999 10:06:00 PM
From: CatcherRespond to of 41365
 
cnbc listed a string of 5 or 6 numbers from the release and
EVERY one of them was better than expected. so stock
goes down in after hours.

same situation with msft. apparently it takes a solid
earnings report to help analysts see that a stock is
overvalued.



To: Taby who wrote (13494)4/27/1999 10:15:00 PM
From: TWICKRead Replies (1) | Respond to of 41365
 
Taby, hope you noticed the futures: cme.com

I think tomorrow and Thursday are going to be profit-taking days. I can see a rally happening starting Friday, mid-morning. At least, that's how I've decided to play it this morning when most of my stops hit. Glad I had them dialed in tight. I could be wrong, but at least I have the cash to take advantage of any buying opps.

Twick


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